Park Tower at Transbay

Park Tower at Transbay
General information
Status Under construction
Type Commercial offices
Location 250 Howard Street
San Francisco, California
Coordinates 37°47′25″N 122°23′39″W / 37.7903°N 122.3943°W / 37.7903; -122.3943Coordinates: 37°47′25″N 122°23′39″W / 37.7903°N 122.3943°W / 37.7903; -122.3943
Construction started October 2015
Estimated completion June 2018
Height
Architectural 605 ft (184 m)
Roof 550 ft (170 m)
Technical details
Floor count 43
Floor area 743,000 sq ft (69,000 m2)
Design and construction
Architect Goettsch Partners
Solomon Coldwell Buenz
Developer MetLife Inc.
John Buck Co.
Golub Real Estate Development
References
[1][2][3][4]

Park Tower at Transbay is a 43-story, 605-foot (184 m) office skyscraper under construction in San Francisco, California. The tower will be located on Block 5 of the San Francisco Transbay development plan at the corner of Beale and Howard Streets, near the Transbay Transit Center.[5] The tower will contain 743,000 square feet (69,000 m2) of office space and is expected to be completed in 2018.[6]

History

Block 5, an area bounded by Howard, Main, Beale and Natoma Streets, was formerly a state-owned parcel used for ramps leading to the since-demolished Transbay Terminal and Embarcadero Freeway. The block is bisected by a driveway for the neighboring Providian Financial Building.[7] Although zoned for residential development, the San Francisco Office of Community Investment and Infrastructure issued a request for proposal for a 550-foot (170 m) tower with 700,000 square feet (65,000 m2) of office space.[8]

Four development teams submitted proposals for the site: Boston Properties with Kohn Pedersen Fox; Golub Real Estate and The John Buck Company with Goettsch Partners and Solomon Cordwell Buenz; Jay Paul Company with Skidmore, Owings & Merrill; and Kilroy Realty with Pelli Clarke Pelli.[9] The proposal from Golub Real Estate and The John Buck Company was ultimately selected,[10] featuring a number of large, outdoor terraces on both the northwest and southeast corners of the building.[11] The development group paid US$172.5 million to acquire the property in September 2015.[12][13] Ceremonial groundbreaking took place on October 6, 2015,[4][14] with MetLife taking a majority stake in the project,[15] reportedly worth US$345 million for a 95% ownership stake.[16]

See also

External links

References

  1. ↑ Park Tower at Transbay at Emporis
  2. ↑ Park Tower at Transbay at SkyscraperPage
  3. ↑ "Transbay Tower Design - Block 5". Goettsch Partners. San Francisco Office of Community Investment and Infrastructure. November 18, 2014.
  4. 1 2 "MetLife, The John Buck Company and Golub Form Partnership to Develop Office Complex in Downtown San Francisco" (Press release). Business Wire. October 6, 2015.
  5. ↑ "550-Foot Block 5 Tower And Terraces In Context". SocketSite. November 21, 2014.
  6. ↑ Weinberg, Cory (July 13, 2015). "Soaring office tower approved to hit San Francisco's skyline". San Francisco Business Times.
  7. ↑ "An Unexpected Transbay Twist And Block Redesign". SocketSite. April 3, 2014.
  8. ↑ Elsen, Tracy (April 4, 2014). "Transbay Block 5 Tower Will Be Commercial Not Residential". Curbed SF.
  9. ↑ Weintraub, Adam (June 26, 2014). "Veteran developers chase high-profile Transbay office site". San Francisco Business Times.
  10. ↑ Weintraub, Adam (July 24, 2014). "Chicago-based team leads in race to develop Transbay Block 5". San Francisco Business Times.
  11. ↑ "550-Foot Block 5 Tower And Terraces In Context". SocketSite. November 21, 2014.
  12. ↑ "Redesigned To Blow You Away, But Hopefully Not Off A Balcony". SocketSite. November 14, 2014.
  13. ↑ ParkTowerSF (September 24, 2015). "Park Tower's #land purchase has been finalized & #construction is commencing immediately! Learn more at http://www.parktowerattransbay.com #CRE" (Tweet). External link in |title= (help)
  14. ↑ Nicolo, Rob (November 8, 2015). "250 Howard: Another Site Joins SoMa’s Building Boom". SFHog.
  15. ↑ Yu, Hui-Yong (October 6, 2015). "MetLife Takes Majority Stake in New San Francisco Office Tower". Bloomberg.
  16. ↑ Peterson, Jon (October 7, 2015). "MetLife Places $345MM into Transbay Office Development". The Registry.
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